World News Today Live Updates on August 16, 2026 : Russia might not win the prolonged ‘war of attrition’ against Ukraine, Moscow's chief economist warns: Here's why
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Russian economist Andrei Klepach has cautioned that Moscow may not prevail in the ongoing "war of attrition" against Ukraine, citing economic struggles. The country's chief financial strategist highlighted the impact of sanctions, military expenditures and Ukrainian counterattacks on Russia's economy. These factors could lead to sluggish economic growth, soaring costs and potential social unrest.
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